Blackmore Bond plc
Placed into administration 22 April 2020
FRN: Not FCA authorised
Blackmore Bond plc went into administration on 22 April 2020. Unfortunately, because Blackmore was not an authorised financial services firm, FSCS will not be able to compensate customers.
Under our rules – the COMP rules – FSCS can pay compensation only where a regulated firm owes a customer a civil liability in connection with a regulated activity.
Blackmore wasn't regulated by the Financial Conduct Authority (FCA), the financial regulator, and was issuing its own bonds, which is generally not a regulated activity. Because of this, customers of the firm are not able to claim compensation through FSCS.
Blackmore did use Surge to market their bonds. It's therefore possible that customers who bought London Capital & Finance plc (LCF) bonds through Surge may also have bought Blackmore bonds.
If you purchased LCF bonds, you can find the latest update on LCF by visiting the webpage.